USD/CAD Asia Price Forecast: Greenback slumps below 1.4050 vs. Canadian dollar

USD/CAD retraces down sharply into the New York close.
USD/CAD is challenging the 1.4035 level.

USD/CAD four-hour chart

USD/CAD is tumbling and challenging the 1.4035 level near the 50 and 100 SMAs on the four-hour chart. As the move down was so abrupt a break below the mentioned level can lead to further losses towards 1.3975 and the 1.3900 figure. Resistance can be expected near 1.4070 and 1.4100 levels.

Resistance: 1.4070, 1.4100, 1.4150

Support: 1.4035, 1.3975, 1.3900

Additional key levels

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